New Issue: Merrill Lynch sells R$637.8 million 10-year notes to yield 10.71%

By Reshmi Basu

New York, March 1 - Merrill Lynch & Co., Inc. priced R$637.8 million 10-year senior unsecured notes (Aa3/A/A-) at par to yield 10.71%, according to a market source.

The deal bears a coupon of 10.71%, which is payable in U.S. dollars at the Brazilian/U.S. dollar exchange rate.

Merrill Lynch was the bookrunner for the Securities and Exchange Commission-registered offering of global notes.

Issuer:	Merrill Lynch & Co., Inc.
Amount:	R$637.8 million
Issue:	Brazilian real-denominated senior unsecured notes
Maturity:	March 8, 2017
Coupon:	10.71%
Issue price:	Par
Yield:	10.71%
Bookrunner:	Merrill Lynch & Co. Inc
Co-managers:	Banco Bradesco SA Grand Cayman branch, Banco Itau Europa SA, Banco Votorantim SA Nassau branch, BB Securities Ltd., Unibanco Securities Inc.
Pricing date:	March 1
Settlement date:	March 8
Expected ratings:	Moody's: Aa3
	Standard & Poor's: A
	Fitch: A-
Distribution:	SEC registered

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